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 Replies: 7 / Views: 1,132 |
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Pillar of the Community
Canada
5417 Posts |
So anyways I recently bought a PCGS XF-40 1853 A&R Quarter and was looking over prices when I stumbled along something weird.
The 1853 A&R Quarter has a enormous mintage of 15,210,020 yet prices are pretty high. Take the example of a 1859 Quarter. It has a mintage of 1,344,000 and yet it goes for $200 at AU-50 and the 1853 A&R goes for around $350.
Is there something I'm not aware of? Perhaps a recall or meltdown of the coins? Or is it just that the Arrows and Rays hold a great amount of premium as this was a 1 year type?
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Pillar of the Community
United States
5825 Posts |
It's not how many were struck; it's how many still exist.
And the 1853 w/Arrows (& Rays) dimes and quarters were heavily used for Love Tokens.
So that's over and above any melting.
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Pillar of the Community
United States
5208 Posts |
Value is driven by original mintage, survival rate, conditional rarity, and popularity / demand.
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Pillar of the Community
United States
1431 Posts |
I'd assume the fact that it's a one year type drives up the demand considerably.
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Pillar of the Community
1751 Posts |
Kefiroth got it, one year type creates extraordinary demand for type sets.
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Bedrock of the Community
United States
10982 Posts |
Also remember price guides are notoriously inaccurate. The two dates you cited in AU50 both usually sell for around $230 regardless of "sticker price".
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Valued Member
United States
461 Posts |
Any type you have a one year type the demand is much greater for type sets, supply and demand drive the cost of coins like anything else.
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Pillar of the Community
United States
1839 Posts |
As jack jeckel said above Quote:
original mintage, survival rate, conditional rarity, and popularity / demand In this case it's interesting to note that the 1859 quarter has the advantage over the 1853 A&R quarter in each category except the last. It has a lower mintage, a lower survival rate estimate (according to PCGS coinfacts), no special conditional rarity either but the 1853 does have the higher demand due in great part to it being a one year type as others have stated above. There are a lot of type collectors these days, so it looks like higher demand wins out here in driving the price up. Myself, I'd consider the 1859 quarter at a pretty good price point all things considered, especially when you consider the fairly low survival rate estimates Just my Two Cents. |
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Replies: 7 / Views: 1,132 |
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Posted 09/11/2013 7:49 pm
